News
Under Armour Inc. Plans Expansion in Locust Point
By Adrian Maties, Associate Editor
Just months after it bought its Tide Point headquarters for $58 million, Under Armour Inc., the South Baltimore sportswear maker, wants to double the size of the Locust Point complex. It plans to add 400,000 square […]
Dees Stribling’s Economy Watch Weekly
Another quarrel in Congress, more investor panic, and everyone’s confidence is low. What a week. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Sept. 23, 2011.
Fifteen Group Beefs Up Miami, L.A. Portfolios with $65M in Purchases
Fifteen Group has been on a bit of a buying binge in the metropolitan areas of Miami and Los Angeles, recently shelling out $65 million in cash on various investments, predominantly in the multi-family sector.
Inland American Sells TownePlace Suites Hotels for $30M
Inland American Lodging Advisor has sold five TownePlace Suites for $30 million to GVM Hotel Partners, a joint venture involving affiliates of Gatehouse Capital, Varro Hospitality and the Muse Family Office.
JV Acquires Continental Bayside Hotel for $13.5M, Plans Full Renovation
by Georgiana Mihaila, Associate Editor
The Continental Bayside Hotel is heading toward a full renovation after its recent change of owners; Weston, Fla.-based InSite Group and an affiliate of the Washington, D.C.-based Carlyle Group formed a joint venture for the purchase […]
Much-Needed Housing for Seniors and Low-Income Families Breaks Ground in South Queens
By Veronica Grecu, Associate Editor
In an effort to revitalize a long-vacant site that’s part of the Brownfield cleanup program, the Arcker Cos. broke ground on two housing developments for seniors and low-income families in Richmond Hill. According to the Queens […]
Wrigley Building’s New Owners Announce Revamp Plans
By Veronica Grecu, Associate Editor
Last week Wm. Wrigley Jr. Co. confirmed the sale of its eponymous building, located at 400-410 North Michigan Avenue, Near North Side, and an adjacent 1.5-acre lot to a team of investors led by BDT Capital […]
Beale Street Landing Project Brings the American Queen to Memphis
By Amalia Otet, Associate Editor
The Riverfront Development Corp., a non-profit organization committed to reshaping the Memphis riverfront and turning it into an outdoor recreational venue, is making efforts to keep the Beale Street Landing project on track.
With financing coming from […]
Rezoning approved for Ballantyne Corporate Park; Sandstone Group Plans Mixed-Use Community in Matthews
By Amalia Otet, Associate Editor
Steve Sanders, managing director of the Sandstone Group, a local company focused on real estate development and investment in the Charlotte market and surrounding areas, has recently announced plans to build a 274-apartment complex, which will […]
PKF Report: Hotels Will be a Bright Spot Amid Economic Gloom
Amid the other bad news, it’s good to read a report that claims “it is tough not to be optimistic regarding the future of U.S. hotels.” PKF Hospitality Research’s analysis of the hospitality industry claims a 7.2 percent rise in RevPAR for 2011.